Valero Energy (VLO) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 6.3%
EBITDA Margin: 5.4%
Op. Margin: 5.3%
Net Margin: 3.9%

Op. margin of 5.3% is up 8.3% YoY — cost efficiency is improving. Net margin at 3.9% and gross margin of 6.3% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit